Search
EN Down
Language
Hi, user_no_name
Live Chat

Global markets were concentrating on the Federal Reserve’s meeting last week which saw a second consecutive 75 basis points interest rates hike. No hints were given to investors in which direction the Fed will move in September, as Fed Chair Jerome Powell noted that it is now time to analyse the incoming data. So, this marks an important week for markets as the US will be releasing its nonfarm payroll data on Friday. The Reserve Bank of Australia has a monetary decision to discuss on Tuesday and the Bank of England will follow on Wednesday. Among the big cap companies releasing earnings this week is Starbucks, Airbnb and Alibaba. 

 

Nonfarm payrolls  

Market attention will focus on the US labour market on Friday which will release its nonfarm payrolls data. Last month’s report showed jobs growth accelerated +372,000 in June, whilst wages were 0.3% higher on the month, or +5.5% higher on the year. This and next month’s data will be vital for the Federal Reserve September meeting where the central bank will decide whether more rate hikes are necessary. Spiralling wages could force the Fed to move at a faster pace. The Atlanta Fed’s latest data shows wages growing 6.7% in June. 

 

Reserve Bank of Australia 

Annual inflation in Australia surged to 6.1% in June, which leaves analysts anticipating another double hike from the Reserve Bank of Australia (RBA) as this was the highest CPI rate recorded since June 2001, when annual inflation also reached 6.1%. Speaking at a forum in July, RBA governor, Philip Lowe, said that RBA’s goal is to return inflation to a target of 2 – 3%, “in a way in which the economy continues to grow and unemployment remains low.” In July, RBA hiked its interest rates for the third month in a row, lifting its cash rate by 50 basis points. 

 

Bank of England 

The Bank of England (BoE) is also expected to hold its monetary policy meeting this week with analysts anticipating a potential 0.5% hike, previously hinted by boss Andrew Bailey. UK inflation surged to 8.2% in June, up from 7.9% in May further pointing to more potential rate hikes. 

 

OPEC 

OPEC and OPEC+ meetings are due to take place on Wednesday. OPEC and non-OPEC partners agreed in June to stick to a planned output increase in August which would see oil production increase by 648,000 barrels per day (bpd) in both July and August. However, last week it was reported that the group was 2.84 million bpd short in June meaning it is expected to continue to underperform. Members are expected to discuss production quotas for September and perhaps the rest of 2022. 

 

US Earnings  

Earnings season continues to remain a focal point for many investors as more large cap companies prepare to release their earnings reports. This week, we should expect earnings reports from Starbucks, PayPal, Uber and Airbnb. Alibaba is set to report earnings on Thursday which could affect Asian markets. Pinterest is also due to report earnings on Monday, and unlike its other social media rivals the platform has been experiencing revenue growth due to an increased sales market in the US. 

Earnings calendar 

01.08  02.08  03.08  04.08  05.08 
Activision Blizzard (ATVI) AMC 

 

Arista Networks (ANET) AMC 

 

Pinterest (PINS) AMC 

 

Caterpillar Inc (CAT) PMO 

 

Advanced Micro Devices (AMD) AMC 

 

PayPal Holdings (PYPL) AMC 

 

Starbucks Corp (SBUX) AMC 

 

Gilead Sciences Inc (GILD) AMC 

 

Airbnb (ABNB) AMC 

 

Uber Technologies (UBER) AMCu 

 

Beyond Meat (BYND) E 

 

 Moderna (MRNA) PMO 

 

Lucid Group (LCID)AMC 

 

Lumentum Holdings (LITE) PMO 

 

 Ball Corp (BLL) PMO 

 

Eli Lilly and Co (LLY) PMO 

 

Fiverr International (FVRR) PMO 

 

Amgen (AMGN) AMC 

 

Block Inc (SQ) AMC 

 

Alibaba (BABA) E 

 

Twilio (TWLO) AMC 

 

Virgin Galactic (SPCE) AMC 

 

 

 

 

Economic calendar (BST) 

Mon Aug 1  1:30am  JPY  Final Manufacturing PMI 
  2:00am  AUD  MI Inflation Gauge m/m 
  2:30am  AUD  ANZ Job Advertisements m/m 
  2:45am  CNY  Caixin Manufacturing PMI 
  All Day  CHF  Bank Holiday 
  1st-3rd  EUR  German Retail Sales m/m 
  8:15am  EUR  Spanish Manufacturing PMI 
  8:45am  EUR  Italian Manufacturing PMI 
  8:50am  EUR  French Final Manufacturing PMI 
  8:55am  EUR  German Final Services PMI 
  9:00am  EUR  Final Manufacturing PMI 
    EUR  Italian Monthly Unemployment Rate 
  9:30am  GBP  Final Manufacturing PMI 
  10:00am  EUR  Unemployment Rate 
  All Day  All  OPEC-JMMC Meetings 
  All Day  CAD  Bank Holiday 
  2:45pm  USD  Final Manufacturing PMI 
  3:00pm  USD  ISM Manufacturing PMI 
    USD  Construction Spending m/m 
    USD  ISM Manufacturing Prices 
  Tentative  USD  Loan Officer Survey 
Tue Aug 2  12:50am  JPY  Monetary Base y/y 
  2:30am  AUD  Building Approvals m/m 
  4:35am  JPY  10-y Bond Auction 
  5:30am  AUD  Cash Rate 
    AUD  RBA Rate Statement 
  7:00am  GBP  Nationwide HPI m/m 
  7:30am  AUD  Commodity Prices y/y 
  8:00am  CHF  SECO Consumer Climate 
    EUR  Spanish Unemployment Change 
  8:30am  CHF  Manufacturing PMI 
  Tentative  EUR  Spanish 10-y Bond Auction 
  Tentative  EUR  French 10-y Bond Auction 
  Tentative  GBP  10-y Bond Auction 
  2:30pm  CAD  Manufacturing PMI 
  3:00pm  USD  JOLTS Job Openings 
  All Day  USD  Wards Total Vehicle Sales 
  Tentative  NZD  GDT Price Index 
  11:30pm  AUD  AIG Construction Index 
  11:45pm  NZD  Employment Change q/q 
    NZD  Unemployment Rate 
    NZD  Labor Cost Index q/q 
Wed Aug 3  2:00am  NZD  ANZ Commodity Prices m/m 
  2:30am  AUD  Retail Sales m/m 
  2:45am  CNY  Caixin Services PMI 
  7:00am  EUR  German Trade Balance 
  7:30am  CHF  CPI m/m 
  7:45am  EUR  French Gov Budget Balance 
  8:15am  EUR  Spanish Services PMI 
  8:45am  EUR  Italian Services PMI 
  8:50am  EUR  French Final Services PMI 
  8:55am  EUR  German Final Services PMI 
  9:00am  EUR  Final Services PMI 
    EUR  Italian Retail Sales m/m 
  9:30am  GBP  Final Services PMI 
  10:00am  EUR  PPI m/m 
    EUR  Retail Sales m/m 
  2:45pm  USD  Final Services PMI 
  3:00pm  USD  ISM Services PMI 
    USD  Factory Orders m/m 
  3:30pm  OIL  Crude Oil Inventories 
Thu Aug 4  2:30am  AUD  Trade Balance 
  7:00am  EUR  German Factory Orders m/m 
  9:00am  EUR  ECB Economic Bulletin 
  9:30am  GBP  Construction PMI 
  12:00pm  GBP  BOE Monetary Policy Report 
    GBP  MPC Official Bank Rate Votes 
    GBP  Monetary Policy Summary 
    GBP  Official Bank Rate 
  12:30pm  USD  Challenger Job Cuts y/y 
  1:30pm  CAD  Building Permits m/m 
    CAD  Trade Balance 
    USD  Unemployment Claims 
    USD  Trade Balance 
  3:30pm  Nat Gas  Natural Gas Storage 
  11:30pm  AUD  AIG Services Index 
Fri Aug 5  12:30am  JPY  Average Cash Earnings y/y 
    JPY  Household Spending y/y 
  2:30am  AUD  RBA Monetary Policy Statement 
  6:00am  JPY  Leading Indicators 
  7:00am  EUR  German Industrial Production m/m 
    GBP  Halifax HPI m/m 
  7:45am  EUR  French Industrial Production m/m 
    EUR  French Prelim Private Payrolls q/q 
    EUR  French Trade Balance 
  8:00am  CHF  Foreign Currency Reserves 
  9:00am  EUR  Italian Industrial Production m/m 
  1:30pm  CAD  Employment Change 
    CAD  Unemployment Rate 
    USD  Average Hourly Earnings m/m 
    USD  Non-Farm Employment Change 
    USD  Unemployment Rate 
  3:00pm  CAD  Ivey PMI 
  8:00pm  USD  Consumer Credit m/m 
Sat Aug 6  Tentative  NZD  RBNZ Statement of Intent 

Latest news

Gold price drops on Monday as fears of wider Middle East war subside

Monday, 22 April 2024

Indices

Gold price retreats as fear of Middle East escalation fades

Nvidia stock plunged last week, erasing close to $300bn of the chipmaker’s market cap

Sunday, 21 April 2024

Indices

Nvidia stock leads Magnificent 7 in record weekly cap loss

FTSE 100

Sunday, 21 April 2024

Indices

FTSE 100 index rallies as Wall Street nurses chip losses

Tesla shares poised for 6th straight loss as Cybertruck recalls begin

Friday, 19 April 2024

Indices

Tesla shares drop again as Cybertruck recalls begin

Live Chat